Segall Bryant & Hamill LLC Has $12.63 Million Stake in CBIZ, Inc. (NYSE:CBZ)

Segall Bryant & Hamill LLC raised its holdings in CBIZ, Inc. (NYSE:CBZ - Free Report) by 12.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,457 shares of the business services provider's stock after buying an additional 17,936 shares during the period. Segall Bryant & Hamill LLC owned about 0.31% of CBIZ worth $12,627,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CBZ. Ameriprise Financial Inc. increased its position in shares of CBIZ by 24.9% during the fourth quarter. Ameriprise Financial Inc. now owns 54,518 shares of the business services provider's stock worth $4,461,000 after purchasing an additional 10,861 shares in the last quarter. Bridge City Capital LLC grew its holdings in shares of CBIZ by 8.3% in the 4th quarter. Bridge City Capital LLC now owns 84,479 shares of the business services provider's stock worth $6,913,000 after acquiring an additional 6,451 shares during the period. Intech Investment Management LLC grew its holdings in shares of CBIZ by 128.6% in the 4th quarter. Intech Investment Management LLC now owns 23,064 shares of the business services provider's stock worth $1,887,000 after acquiring an additional 12,974 shares during the period. Artemis Investment Management LLP grew its holdings in shares of CBIZ by 60.4% in the 1st quarter. Artemis Investment Management LLP now owns 631,893 shares of the business services provider's stock worth $47,935,000 after acquiring an additional 237,983 shares during the period. Finally, Norges Bank acquired a new stake in shares of CBIZ in the 4th quarter worth approximately $12,096,000. Hedge funds and other institutional investors own 87.44% of the company's stock.

CBIZ Stock Performance

NYSE CBZ traded down $0.48 during trading hours on Friday, reaching $74.72. The company's stock had a trading volume of 777,558 shares, compared to its average volume of 381,273. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.76. The business has a 50-day simple moving average of $72.12 and a 200 day simple moving average of $76.06. CBIZ, Inc. has a 52 week low of $62.66 and a 52 week high of $90.13. The stock has a market cap of $4.06 billion, a PE ratio of 50.83 and a beta of 0.91.

CBIZ (NYSE:CBZ - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $2.11 by $0.18. The company had revenue of $838.01 million for the quarter, compared to analysts' expectations of $860.25 million. CBIZ had a return on equity of 14.83% and a net margin of 4.03%. The business's revenue for the quarter was up 69.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 earnings per share. Equities research analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, William Blair reissued an "outperform" rating on shares of CBIZ in a research note on Friday, April 25th.

CBIZ Profile

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.